Multi-Unit Residential
116-38 222nd Street, Cambria Heights, NY 11411
For Sale
New
$798,888
The property includes a garage, natural gas, and partially finished walk-out lower-level space.
Property Size1,848 SF
Days on Market7
Property Features for 116-38 222nd Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Multi Units
Natural Gas, Other
Partially Finished, Full, Walk-Out Access
Other
Garage
Building Details
Building Size
Year Built
Listing Agency:
VORO LLC
Listed By:
Abraham Ortiz PSA SFR
(347) 238-4035
Source:
Evrealestate
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 6:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VORO LLC
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Investment Insights
Based on property information with market context.
Located at 116-38 222nd Street in Cambria Heights, Queens, this residential income property has multiple units and was built in 1930. A garage is included, and the lower level is full, partially finished, and accessible by walk-out. Interior features also include natural gas.
Key Highlights
- Multiple residential units
- Garage included
- Full lower level with partial finish and walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,173
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,460
$903.5K
Cap Rate 7%
$645,329
$645.3K
Cap Rate 9%
$501,922
$501.9K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$85.4K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$82.1K $44.44/SF
− OpEx
−$37.0K −$20.00/SF
NOI
$45.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,460
Cap Rate 7%
$645,329
Cap Rate 9%
$501,922
Alternative Uses
Best Use
Apartment 5plus
$645.3K
$564.7K – $752.9K
NOI $45,173 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,366 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
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Business Placement
Demographics for 11411, NY
19,579
Population
6,775
Households
2.9
Avg Household Size
45
Median Age
36%
College-Educated
92%
High-School Grad
1.2 sq mi
ZIP Area
16,316
Density / Sq Mi
$118,393
Median Household Income
$52,378
Median Earnings
$1,605
Median Rent
$621,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Queens County, NY
Properties on Market for Residential income properties in Queens County
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes a garage, natural gas, and partially finished walk-out lower-level space.
Where is this residential income property located?
The property is located at 116-38 222nd Street Cambria Heights, NY.
What is the asking price?
The asking price for this property is $798,888.
What are key features of this property?
This property features: Multiple residential units; Garage included; Full lower level with partial finish and walk‑out access
